Daily Juice 065 – Ensure a future income

Daily Juice 065 – Ensure a future income

This week I am getting thru the universal laws of prosperity from “The Richest Man in Babylon” book by GEORGE SAMUEL CLASON, which are referred to as the “Seven Cures for the lean purse”.

Review chapter #6 in the book.

Today’s discussion:

The Six Cure: Ensure a future income

Arkad’s lesson is to: “Provide in advance for the needs of thy growing age and the protection of thy family.”

This cure has a dual meaning.

  1. First, we need to begin thinking that at some point in life (preferably old age) we will not be able to work, and must have investments to replace income that we generated while working. Why do you think there is so much emphasis in our society today about saving for retirement?
  2. Second, Arkad wished back in his day that financial products such as insurance existed in his day (it didn’t) to provide protection against loss of income at death, which is Life insurance; replacement of income due to illness (Disability insurance); and funding sources of income for medical expenses and old age care, what we refer to today as Health Insurance and Long Term Care insurance.

Do you realize how lucky we are to live now?! We have access to everything, yet so many of don’t take advantage of opportunities!

My goal is to help you better with your money and help you make smart financial decisions!

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Anna Sergunina
Anna Sergunina

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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